My E.G. Services may trend higher after surpassing the MYR3.70 level in its latest session to mark a new high. Traders may buy as a bullish bias could be present above this level, with a target price of MYR4.30, followed by MYR4.55. The stock may drift lower if it dips back below the MYR3.70 level. In this case, further support is anticipated at MYR3.50, where traders can exit upon a breach to avoid the risk of a further correction.
Federal Furniture may trend higher after inching above the MYR0.745 level to close at a new multi-year high. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.85. The stock may drift lower if it dips back below the MYR0.745 level. In this case, further support is anticipated at MYR0.69, where traders can exit upon a breach to avoid the risk of a further correction.
Guan Chong was testing the MYR1.36 resistance level in its latest session after closing at a new 52-week high. Traders may buy if this level is breached in the near term, with a target price of MYR1.55. In the meantime, the stock may drift sideways if the MYR1.36 level cannot be breached. Support may then be found at MYR1.21, where traders can exit upon a breach to avoid the risk of a further correction.
Hartalega may trend higher after inching above the MYR5.96 level in its latest session to extend its new high. Traders may buy as a bullish bias could be present above this level, with a target price of MYR6.75. The stock may drift lower if it dips back below the MYR5.96 level. In this case, further support is anticipated at MYR5.50, where traders can exit upon a breach to avoid the risk of a further correction.
Oldtown may rebound further after surging through the MYR1.51 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.73, followed by MYR1.80. The stock may drift lower if it dips back below the MYR1.51 level. In this case, further support is anticipated at MYR1.41, where traders can exit upon a breach.
Euro Holdings may rebound further after climbing above the MYR0.255 level in its latest session. Traders may buy as a bullish bias could be present above this level, with a target price of MYR0.305. The stock may drift sideways if it dips back below the MYR0.255 level. In this case, further support is anticipated at MYR0.225, where traders can exit upon a breach.
Source: RHB Research - 18 Dec 2015
http://klse.i3investor.com/blogs/rhb/88326.jsp
